Upbeat Jobs Report Lifts Markets To Sharply Higher Open
The nation's employers added far more jobs than expected in July to boost the markets to a sharply higher open with the Dow leaping 217 points to 13,096. Nasdaq jumped 59 points to 2969.
On the upside
The Wall Street Journal reported that Knight Capital (NYSE: KCG) obtained a line of credit.
LinkedIn (NYSE: LNKD) reported lower second quarter earnings but revenue surged to surpass analyst expectations prompting the professional networking site to lift its full year outlook.
EOG Resources (NYSE: EOG) reported higher second quarter earnings that beat expectations and lifted its full year production growth.
On the downside
Molycorp (NYSE: MCP) fell to an unexpected loss for the second quarter as expenses rose.
Zipcar (Nasdaq: ZIP) narrowed second quarter losses but the car sharing network forecast third quarter revenue that fell short of expectations.
Health Net (NYSE: HNT) reported higher second quarter earnings but the managed health care services provider lowered its full year forecast.
In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 17 points to 786.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here